Binge on Philo

Mar 22, 2024

All my free and released-from-paywall content here.

All my links here.

You are about to go down the Philoinvestor rabbit hole…

Let’s start with my biggest hit mindset pieces.

So you wanna be an investor?

Philoinvestor

December 5, 2021

Being an investor is not as easy as it seems. Sometimes it feels like the weight of the world is on your shoulders. Like you are an athlete training for the olympics. In fact that is the best way to think about the life of an investor, like that of a professional athlete.

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Shadows & Traps

Philoinvestor

June 25, 2023

Investors are like prisoners in Plato’s Allegory of the Cave. They are chained and cannot see reality — only shadows of reality. What are the shadows in investing? An obsession with the Fed and monetary policy Macroeconomic analyses and reliance on economic figures

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Rufus: Portrait of an anti-investor.

Philoinvestor

December 3, 2021

Investors nowadays aim to achieve investment success by trying to jump on the next hot trend that the markets may throw at them, without really doing the work to assess whether it’s an opportunity or a trap. The primary motivator of their investment interest seems to be price action and not fundamentals.

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The dimension of time in financial markets

Philoinvestor

December 15, 2021

The dimension of time in financial markets

In this letter we will try to distinguish the dimension of time from financial markets, and discuss its power and influence in the financial arena. In economics and finance the concept of time is captured in “time discounting” or “time preference”, which is defined as the current relative valuation placed on receiving a reward sooner rather than later.

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Moving on to some controversial (or just interesting) equity research pieces.

NETFLIX: Content is King but distribution is God.

Philoinvestor

May 14, 2022

NETFLIX: Content is King but distribution is God.

Netflix was founded by Reed Hastings (“Reed”) and Marc Randolph in 1998. They started as a DVD-by-Mail service, later pivoting to a subscription model. By 2000 Netflix was suffering losses forcing the founders to sell. They chased the CEO of Blockbuster, the biggest video rental chain at the time, for a meeting.

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Duolingo, platformizing learning.

Philoinvestor

April 12, 2022

Become a Philoinvestor. “Our mission is to develop the best education in the world and make it universally available.” Duolingo is a language+ learning platform which uses gamification to make users more engaged; and allows them to learn easier and faster while using big data analysis and machine learning to make learning more effective.

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Downside by Philo

Downside at NVIDIA (and the Nasdaq at large)

Philoinvestor

Jan 26

Downside at NVIDIA (and the Nasdaq at large)

“Before we work on artificial intelligence why don’t we do something about natural stupidity?” —Steve Polyak

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Downside by Philo

Downside at Apple. (I wouldn't touch this here)

Philoinvestor

Feb 24

Downside at Apple. (I wouldn't touch this here)

“I think the iPhone is the best consumer product ever. That's what I feel about it. And it's become so integrated and integral to our lives, you wouldn't think about leaving home without it.” — Tim Cook Philoinvestors know that Apple is one of my favourite companies, I first bought it in Decembe…

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And topping it off with my long-form thematic pieces.

Peak American Empire

Philoinvestor

February 25, 2023

“Gold is money, everything else is credit.” - J.P. Morgan The world has been dominated by the dollar for more than a century. The dominance of the US and its allies put the USA in the forefront of economic growth and development. No country existed to rival that dominant position.

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Is the Euro here to stay?

Philoinvestor

February 9, 2023

“There are decades where nothing happens; and there are weeks where decades happen.” – Vladimir Ilyich Lenin Much has been said about the viability of the Euro and the EMU. In this essay I will discuss the formation of the EMU, the dynamics that regulate its existence, important historica…

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A curation of my Twitter Threads here.